Siemens agrees 6.6GW Egypt power generation deal

Monday, 16 March 2015 12:15

Egypt is expanding and diversifying its energy producing capacity, with wind power playing a key part in its strategy. (Image source: Igor Srdanovic/Flickr)Siemens has agreed a deal to help boost Egypt’s power generation capacity by up to a third by 2020

Under one of a series of MoUs announced at the Egypt Economic Development Conference last week, the German-based multinational conglomerate will be responsible for engineering, procurement and construction (EPC) at the 4.4GW Beni Suef power plant project.

The combined-cycle plant will be built in four modules, each consisting of two H-class gas turbines, two heat recovery steam generators, one steam turbine, and three generators, the company said.

The firm will also build a factory to manufacture rotor blades for wind turbines, for the planned installation of 2GW of wind power capacity.

The move will create up to 1,000 jobs and will represent a near-trebling of Siemens' footprint in Egypt.

Speaking at the signing of the deal, Joe Kaeser, Siemens president and CEO Joe Kaeser said, "Egypt needs a powerful and reliable energy system to support its long-term, sustainable economic development, and experienced partners who understand the specific challenges facing the country."